What Is a Threat Intelligence Platform and How Does It Work?
Reading Time: 4 minutesTo enhance your cybersecurity, you need to get in the minds of a hacker. How might they attack? A threat intelligence platform could clue you in…
Most cyberattacks are successful because the attackers take their victims by surprise. Before you could say ‘Kevin Mitnick,’ you are dealing with the aftermath of an attack.
You can flip the coin by anticipating cyberattacks: know what hackers are targeting, and how and when they intend to strike. It’s no joke. A threat intelligence platform can give you information about threats within your network to secure your digital assets. But first, you need to learn how it works, its benefits, and how to implement it.
What Is a Threat Intelligence Platform?
A threat intelligence platform is an automated system that detects, gathers, and evaluates information about external and internal threats targeting your network. It offers you substantial insights into how to resolve those threats.
In other words, such a platform offers threat intelligence to guide you in making the best decisions to secure your system. At the mention of cyberattacks, the first line of thought is to put up a defense—but if you do that without understanding the dynamics of the attack, you might fall into a deeper mess.
A threat intelligence system doesn’t just offer a surface solution to cybersecurity issues. It addresses the problems at the roots by collecting vital information about the threat’s origin and analyzing all relevant components before recommending a suitable and lasting solution.
How Does a Threat Intelligence Platform Work?
A threat intelligence platform puts context to threats. It does that by examining the variables such as an attacker’s identity, their motive, and capacity to execute the attack.
How’s how a threat intelligence platform works.
1. Establish Requirements
The first step in threat intelligence is to establish your requirements for the project by outlining your goals and drawing strategies toward achieving them.
Who are your attackers? Technically speaking, you may not know your attackers by their names, but you can identify them by their motives. What assets do you have that might interest attackers, and how might they access these assets? Answering these questions will guide you in setting up your threat intelligence platform with the right information to collect tangible information.
2. Collect Data
After identifying aims and strategies for implementing the threat intelligence platform, the next stage is to collect the data it needs to meet the outlined goals.
A platform doesn’t generate data on its own. It leverages existing data to understand the various threats and their behavioral patterns. Based on its settings, the software can collect information from multiple areas such as public domains, social media, and forums.
3. Process Data
Once the threat intelligence platform collects the relevant data, it begins to process it in the right format and language ahead of analysis. In this stage, it decrypts encrypted data and translates the information into simple terms for easy and swift analysis.
4. Analyze Data
The data analysis process focuses on identifying threat signals and their impact on your system. It addresses the questions you raised in the requirements you outlined in the first stage, and interprets the data into meaningful conclusions.
The endgame of the analysis is to help you develop an action plan that’s feasible and within the parameters of your network.
5. Take Action
At this stage, you retrieve and share intelligence with the relevant teams that have the technical know-how to initiate an incident response plan. Whatever action you take will determine whether the threats will be a thing of the past or recurring.
What Are the Benefits of a Threat Intelligence Platform?
The rising rate of cyberattacks is a wake-up call to take your cybersecurity more seriously. Adopting a threat intelligence platform is a step in the right direction as it helps you create a more secure environment for your digital assets.
Here are some of the benefits of a threat intelligence platform.
Identify Security Risks
Since cybercriminals are always looking for vulnerabilities in networks, it’s best to anticipate their attack. Their impact depends on what you do or fail to do beforehand.
Several vulnerabilities may exist within your system without your knowledge. A threat intelligence platform will help you identify these risks. Since it facilitates proactive cybersecurity, you can use it to prevent attacks that could arise.
Build Effective Defenses
Understanding the profile of the attackers targeting your system and the techniques they may use is key in building a robust security defense. A threat intelligence platform has the capacity to give you detailed data about the threats your system is prone to, so you can make well-informed decisions and take calculated steps to ward off attacks.
Even if your strategies are effective in their own rights, they won’t protect you in the absence of credible information.
Minimize Financial Loss
It’s bad enough that you may lose your critical data assets if hackers attack your system; it’s even worse if they get hold of your financial information such as your banking and credit card details. They could access your funds and rob you of your hard-earned funds.
It’s a different ball game if you possess other people’s funds. Not only will you have to worry about paying them their money, you may also face lawsuits. A threat intelligence platform can save you from all these troubles by empowering you will the information you need to secure your system and digital assets.
Reduce Operational Costs
A threat intelligence platform generates reports that not only help you identify risks but also to understand the most efficient ways to resolve them. By doing this, you save money on costs that you might have otherwise incurred.
Prevent Cyberattacks With Threat Intelligence Platforms
Threat intelligence platforms operate on the premise that knowledge is power. Having a grasp of attackers’ profiles and understanding their patterns gives you an edge over them. Before they strike, you already know how they’ll strike and take the necessary precautions to nullify their efforts. This is much better than mitigating attacks and dealing with the damage such a hacker could leave in their wake.
Reference: https://www.makeuseof.com/cybersecurity-threat-intelligence-platform/
Ref: makeuseof
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